A Review of Employee Stock Ownership Plans (ESOPs) and Corporate Innovation Performance Research

DOI

10.2991/978-94-6463-811-0_62How to use a DOI?

Keywords

Employee Stock Ownership Plan; Innovation Performance; Impact

Abstract

Employee Stock Ownership Plans (ESOPs) are institutional tools that integrate incentives, governance, and wealth distribution. Their development can be traced back to the Industrial Revolution in the 19th century and became institutionalized and globalized in the 20th century. After long-term exploration by academia and enterprises, the importance of ESOPs has been gradually established. This paper employs a literature review method, based on the principal-agent theory and the two-factor theory, to review the literature on the implementation motives of ESOPs, the influencing factors of corporate innovation performance, and the relationship between the two. Finally, it analyzes whether ESOPs affect corporate innovation performance and provides insights for enterprises’ long-term development.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ruxin Tan
PY  - 2025
DA  - 2025/08/14
TI  - A Review of Employee Stock Ownership Plans (ESOPs) and Corporate Innovation Performance Research
BT  - Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
PB  - Atlantis Press
SP  - 595
EP  - 602
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-811-0_62
DO  - 10.2991/978-94-6463-811-0_62
ID  - Tan2025
ER  -